NYSE$STUB
StubHub Holdings, Inc · Q3 2025 earnings
Q3 2025 earnings ·
Briefing
StubHub reported Q3 2025 revenue of $468.1M with a net loss of $1.29B following its IPO-related stock compensation.
Revenue was $468.1 million versus $433.8 million a year ago. The company reported a net loss of $1.29 billion, reflecting $1.4 billion of stock-based compensation tied to the IPO and RSU settlements. Excluding those items, operating trends reflected ticket marketplace volume and post-IPO capital structure changes.
- Q3 revenue $468.1M (+8% YoY).
- GAAP net loss $1.29B driven by IPO-related stock comp.
- Marketplace model with buyer/seller transaction fees.
- Liquidity and tax withholding on RSU net settlements impacted cash.
Headline financials
Revenue & EPS history
StubHub Holdings, Inc · Revenue · Quarterly
$468M
Forward guidance
Post-IPO focus on marketplace growth, international expansion, and normalized stock comp.
Tailwinds
- Revenue growth vs prior year.
- Leading secondary ticket marketplace brand.
Headwinds
- IPO-related stock compensation distorts GAAP earnings.
- Event cancellation refund exposure.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 2 quarterly earnings reports · overlaid with Q3 2025
-10.2%
Avg return
Earnings day
-12.2%
Avg return
5 days after
-2.0%
Avg return
30 days after
33%
1 / 3 earnings
Positive
+2.9%
Q1 2026
Best reaction
-21.0%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.9% | +27.5% | +56.4% | |
| Q4 2025 | -12.4% | -22.0% | -36.7% | |
| Q3 2025 | -21.0% | -42.1% | -25.9% |
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